Rockwell Automation, Inc. $ROK Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Rockwell Automation, Inc. (NYSE:ROK) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,748 shares of the industrial products company’s stock after acquiring an additional 1,101 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Rockwell Automation were worth $4,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens National Bank Trust Department acquired a new position in Rockwell Automation during the first quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Rockwell Automation in the 1st quarter valued at about $31,000. IMA Advisory Services Inc. acquired a new position in Rockwell Automation in the 1st quarter valued at about $32,000. Cooksen Wealth LLC acquired a new position in Rockwell Automation in the 1st quarter valued at about $34,000. Finally, Legend Financial Advisors Inc. acquired a new position in Rockwell Automation in the 2nd quarter valued at about $39,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Terry L. Riesterer sold 269 shares of the company’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $355.26, for a total transaction of $95,564.94. Following the sale, the vice president directly owned 1,613 shares of the company’s stock, valued at $573,034.38. This represents a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Blake D. Moret sold 24,400 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $350.13, for a total transaction of $8,543,172.00. Following the sale, the chief executive officer directly owned 83,873 shares in the company, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,822 shares of company stock worth $10,456,644 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Rockwell Automation Price Performance

Rockwell Automation stock opened at $338.88 on Tuesday. The company’s 50 day simple moving average is $343.56 and its 200-day simple moving average is $315.60. The company has a market capitalization of $38.10 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 2.98 and a beta of 1.41. Rockwell Automation, Inc. has a 1 year low of $215.00 and a 1 year high of $360.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06.

Rockwell Automation (NYSE:ROK) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the prior year, the firm earned $2.71 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on ROK. KeyCorp boosted their target price on shares of Rockwell Automation from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wells Fargo & Company boosted their target price on shares of Rockwell Automation from $345.00 to $355.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Oppenheimer decreased their target price on shares of Rockwell Automation from $371.00 to $363.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Bank of America upgraded shares of Rockwell Automation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $360.00 to $410.00 in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded shares of Rockwell Automation from a “hold” rating to a “buy” rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $340.68.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.